Seadrill: Improved Execution, Undemanding Valuation, Decent Prospects - Buy
Seadrill Limited reported better-than-expected results with revenue and earnings per share ahead of expectations. Adjusted EBITDA of $144 million and an Adjusted EBITDA margin of 32.1% reached new two-year highs, prompting management to raise full-year guidance for revenue and Adjusted EBITDA.
Why it matters — SDRL watchers would care because the company posted improved execution with record two-year highs in adjusted EBITDA and margins, along with raised full-year guidance.